10-17: Walgreen's, MOB, LA Fitness, Childtime Learning Center, Retail Centers

1. Retail Center in Gastonia, NC: 9973 SF attractive retail center built in 2004 on 1 ac lot in Charlotte suburbs. Close to Eastridge Mall and I-85. 100% NNN leased to Talbots, Facet Foundry Jewelry and Aeroflow Healthcare. NOI $154K/yr. $1.822M. 8.50% cap.
2. Shopping Center in Pompano Beach, FL: 66,613 SF well maintained shopping center on 6.9 ac lot at a busy intersection. 95% NNN leased with 56% of total spaces leased by national tenants such as: Save-A-Lot grocery, Auto Zone and Dollar General. With seven points of access. Close to I-95. NOI $455K/yr. $5.616M. 8.11% cap.
3. Walgreen’s in Orange Park, FL: 13,905 SF Walgreen’s built in 1996 on 2+ ac lot at a signalized corner location in fast growing and high income (AHI $81K/yr in 1 mile) Jacksonville metro. Close to Orange Park Medical Center. 20 yrs NNN- lease with 3+ yrs left. NOI $248K/yr. $3.306M. 7.50% cap.
4. Office Building in Puyallup, WA: 77,367 SF Class-A office building on 3.74 ac lot in growing Tacoma suburbs. Close to Good Samaritan Hospital and next to Hwy-512. 94% leased with government, professional and medical tenants. NOI $919K/yr. $12.257M. 7.50% cap.
5. MOB in Brentwood, CA: 51,599 SF Class-B medical office building completed in 2005 on 3+ ac lot in fast growing (244.81% pop growth) and high income (AHI $107K/yr) Contra Costa County. Anchored by Sutter East Bay Medical Foundation and John Muir Heath. 100% NNN lased. NOI $1.227M/yr. $18.6M. 6.60% cap.
6. Shopping Center in Mesa, AZ: 20,584 SF well maintained shopping center on 1.97 ac corner lot.  75% leased. Actual NOI $172K/yr. $2.46M. 7% cap.
7. Retail Center in Tempe, AZ: 8750 SF eye-catching retail center built in 2006 on .81 ac lot at a hard corner location in high income Phoenix suburbs. Across from Albertsons center. 100% NNN leased. NOI $227K/yr. $3.036M. 7.50% cap.
8. Childtime Learning Center in Virginia Beach, FL: 6,399 SF day care center on nearly 1 ac lot in Norfolk suburbs.  Location with high income residential growth and close to I-64. 17 yrs absolute NNN lease with 7 yrs left. NOI $91K/yr with 10% rent pump in 2014. $1.3M. 7.06% cap.
9. LA Fitness in Naples, FL: 30,571 SF fitness center in a high income neighborhood with an AHI of $147K/yr in 1 mile radius. Near I-75. 15 yrs NN corp lease with 9+ yrs left. NOI $687K/yr with 10% rent increases every 5 yrs. $8.86M. 7.76% cap.
10. Office Building in Berkeley, CA: 9500 SF Class-B 2-story office building at a hard corner location in a high income city East of San Francisco. Close to downtown and with easy access to BART and freeways. NOI $102K/yr. $1.4M. 7.30% cap.

© Transmercial 2013

10:16: Arby's, Family Dollar, Big O Tires, Fred's Dollar Store, Applebee's

1. Shopping Center in Henderson, NV: 38,373 SF attractive shopping center built in 2005 on 3.55 ac lot in growing (87.41% pop growth since 2000) and high income (AHI $83K/yr in 1 mile) area. Close to St Rose Dominican Hospital and next to I-515. 87% leased. NOI $636K/yr. $8.487M. 7.50% cap.
2. Retail Center in Jacksonville, FL: 32,837 SF well maintained retail center on 3 ac lot at a signalized corner location. Anchored by Family Dollar. 95% leased. NOI $299K/yr. $3M. 10% cap.
3. Arby’s in Renton, WA: 3322 SF Arby’s restaurant built in 2000 on .87 ac lot along busy retail corridor in upper middle-class Seattle suburbs. Adjacent to Fred Meyer center. Close to Valley Medical Center and Hwy-167. 20 yrs absolute NNN corp lease with 6 yrs left. NOI $ 137K/yr. $2.12M. 6.50% cap.
4. Shopping Center in Miami, FL: 32,445 SF well kept shopping center and a 1,730 SF single-tenant retail building with two drive-thru lanes on nearly 3 ac lot. With four points of access. Adjacent to Miami Children’s Hospital and next to Hwy-1. NOI $437K/yr. $5.6M. 7.82% cap.
5. Family Dollar and Big O Tire in Norman, OK: 8,000 SF Family Dollar and 5,200 SF Big O Tire on 1.21 ac lot in a growing area. 100% NNN corp leased. NOI $133K/yr. $1.341M. 9.98% cap.
6. Retail Center in Springfield, OH: 17,040 SF retail center built in 2006 Northeast of Dayton. Shadow-anchored by Super Walmart. 100% NNN leased to Jack’s, Game Stop, Mercy Health and Radio Shack. NOI $217K/yr. $2.558M. 8.50% cap.
7. MOB in Bedford, TX: 11,348 SF Class-A medical office building completed in 2004 on 1½ ac lot in fast growing Dallas-Fort Worth suburbs. Close to Texas Heath Springwood Hospital and Hwy-121. 100% NNN leased to 3 medical tenants: Texas Orthopedic & Spine Associates, Riata Therapy Specialists, and Texas Orthopedic Consultants. NOI $178K/yr. $2.461M. 7.25% cap.
8. Fred’s in Memphis, TN: 16,471 SF under construction Fred’s super dollar store & pharmacy on 2+ ac lot along main corridor. Near Methodist University Hospital and I-240. New 12 yrs NNN corp lease. NOI $192K/yr. $2.232M. 8.60% cap.
9. Office Building in Friendswood, TX: 11,200 SF Class-A office building on 1.29 ac lot in high income Houston suburbs with an AHI of $110K/yr in 3 mile radius. 100% leased. NOI $130K/yr. $1.45M. 9% cap.
10. Applebee’s in Spartanburg, SC: 4,386 SF Applebee’s restaurant built in 1997 on 1.2 ac lot. Long major retail corridor and close to Mary Black Memorial Hospital. 20 yrs NNN lease with 11 yrs left.  NOI $157K/yr with annual rent bumps. $2.1M. 7.50% cap.

© Transmercial 2013

10-15: Burger King, DaVita, iFly, Shopko Express, Advance Auto Parts, MOB

1. Burger King in Socorro, TX: 4000 SF well maintained fast food restaurant on .86 ac lot along main retail corridor in a growing border city. 100% NNN lease with 7 yrs left. NOI $125K/yr. $1.675M. 7.50% cap.
2. MOB in Spring, TX: 28,715 SF high quality constructed medical office building completed in 2005 on 3.39 ac lot in fast growing (229.26% pop growth since 2000) and affluent (AHI $129K/yr in 1 mile) Houston suburbs. All units face main road. 100% NNN leased to 7 tenants, 5 of them medical. NOI $468K/yr. $6.248M. 7.5% cap. 
3. DaVita in Fairview Park, OH: 3787 SF attractive dialysis center in Cleveland suburbs. Close to Fairview Hospital. 100% NNN lease with 6 yrs left. NOI $59K/yr. $749K. 8% cap.
4. Physicians Urgent Care in Fort Wayne, IN: 4100 SF Class-A newly constructed urgent care center on nearly 1 ac lot along major retail artery. Close to Glenbrook Square Mall. 10 yrs NNN corp lease with 9+ yrs left. NOI $94K/yr with 2% annual rent increases. $1.397M. 6.75% cap.
5. iFly in Naperville, IL: 8000 SF under construction single-tenant Indoor skydiving entertainment center on .85 ac lot in growing and high income (AHI $118K/yr) Chicago metro. Close to I-88.  New 10 yrs NNN lease. NOI $100K/yr. $1.43M. 7% cap.
6. Retail Center in Carrollton, TX: 14,950 SF attractive retail center built in 2005 on 1.80 ac outparcel to Walmart in affluent Dallas suburbs (AHI $104K/yr in 1 mile). Visible from Hwy-190 and close to I-35E. $3.5M. NOI/Cap not provided.
7. Shopko Express in Appleton, WI: 13,900 SF Shopko Express drug store with walk-in clinic built in 2008 on 1.38 ac outparcel to Lowe’s and Festival Foods grocery at main retail corridor. Close to Hwy-441. 100% NNN lease with 15+ yrs left to a $3B private company. NOI $195K/yr with a generous 20% rent increase in 2018. $2.518M. 7.75% cap.
8. Apartments in San Bernardino, CA: 24-unit apartment complex in Southern California. Close to schools, parks, shopping centers and Hwy-210. 90% occupied. Actual NOI $98K/yr. $1.445M. 6.85% actual cap.
9. Advance Auto Parts in McAllen, TX: 6791 SF Advance Auto Parts built in 2005 on .81 ac lot at a busy corner location in fast growing and high income area with an AHI of $87K/yr in 1 mile. 15 yrs NNN corp lease with 6+ yrs left. NOI $113K/yr with 10% rent increases every 5 yrs. $1.578M. 7.20% cap.
10. Office Building in Irvine, CA: 24,772 SF Class-B office building on 1.33 ac lot in densely populated high-income (AHI $97K/yr) city in Orange County.  Close to John Wayne Airport and I-405. 96% leased. NOI $318K/yr. $4.685M. 6.80% cap.

© Transmercial 2013

10-14: Burger King, Lowe's, LA Fitness, Stonebridge Pediatrics, Walgreens, MOB

1. Retail Center in Peoria, AZ: 20,711 SF attractive retail center on 2.27 ac lot in high income (AHI $93K/yr in 1 mile) Phoenix suburbs. Close to Hwy-101. Anchored by Phoenix Children’s Academy, other tenants include; Urgent Care, Palo Verde Medical, Ballpark Pizza and Golden Spoke Cyclery. 92% leased. NOI $348K/yr. $4.65M. 7.50% cap.
2. Burger King in Mundelein, IL: 2940 SF Burger King completed in 2001 on nearly 1 ac lot in affluent Chicago metro with an AHI of $121K/yr in 1 mile. 100% absolute NNN lease with 15 yrs left to strong franchisee with 378 units. NOI $44K/yr with 1.5% annual rent increases commencing in Oct 2015. $725K. 6.17% cap.
3. Retail Center in Arlington, TX: 19,840 SF well kept retail center on over 1 ac lot at a signalized intersection & along main retail corridor. Anchored by O’Reilly Auto Parts. 100% leased. NOI $219K/yr. $2.747M. 8% cap.
4. Lowe’s in West Sacramento, CA: 170,393 SF retail building on 11+ acres of land at busy corridor and in high income area. Across from Target and Nugget Market anchored center. 20 yrs absolute NNN ground lease (land is for sale) with 14+ yrs left. NOI $495K/yr. $9.445M with a 20% rent bump in 1^st option. 5.25% cap. 
5. Strip Center in Los Angeles, CA: 8463 SF mature strip center at a signalized corner location in densely populated (700,000 residents in 5 mile radius) and high income (AHI $81K/yr in 1 mile) area. Anchored by 7-Eleven. Area with high barrier to entry. Near Kindred Hospital and I-405. 100% leased. NOI $225K/yr. $3.75M. 6% cap.
6. MOB in Roseville, CA: 7115 SF Class-B medical office building on .86 ac lot in high income (AHI $83K/yr in 1 mile) Sacramento suburbs. Close to I-80. 100% leased. NOI $154K/yr. $1.95M. 7.90% cap.
7. LA Fitness in Fontana, CA: 45,000 LA Fitness center built in 2008 on 4+ ac lot in growing (323.23% pop growth since 2000) and high income San Bernardino County with an AHI of $88K/yr in 1 mile. Amenities include: basketball courts, racquetball courts, pool, juice bar and group fitness classes. Next/visible from Hwy-210. 15 yrs absolute NNN corp lease with 10 yrs left. NOI $841K/yr with rent bumps every 5 yrs. $12.467M. 6.75% cap.
8. Stonebridge Pediatrics in McKinney, TX: 9973 SF State-of-the-Art single-tenant medical office building completed in 2011 on 1+ ac lot in fast growing and affluent Dallas suburbs with an AHI of $112K/yr in 1 mile. Close to Baylor Medical Center at McKinney. 10 yrs NNN- lease with 8 yrs left. NOI $239K/yr with annual CPI-based rent bumps. $3.192M. 7.49% cap.
9. Walgreens in Daytona, Beach, FL: 13,905 SF well maintained drive-thru drug store on 1.55 acres corner lot.  100% NNN lease with 3 yrs left. NOI $226K/yr. $3.12M. 7.25% cap.
10. Retail Center in Pearland, TX: 23,500 SF attractive retail center on 2.89 ac lot in growing and high income Houston suburbs. Anchored by 10,000 SF Dollar Tree, other national tenants include: Little Caesars Pizza, Subway, State Farm and ACE Cash. All units face main road. 100% leased. NOI $315K/yr. $4.34M. 7.27% cap.

© Transmercial 2013

10-11: MOB, Apartments, Strip Centers, IHOP, Taco Bell

1. MOB in Yuba City, CA: 6964 SF 2-story Class-A medical office building completed in 2008 in growing city North of Sacramento. Close to Fremont Hospital. 100% NNN lased to multiple tenants. NOI $130K/yr. $1.858M. 7% cap.
2. Retail Center in Mount Clemens, MI: 26,544 SF newly constructed retail center anchored by Dollar General in growing Detroit suburbs. All units face Hwy-97. Only one vacancy. NOI $288K/yr. $3.395M. 8.50% cap.
3. Apartments in Hemet, CA: 22-unit apartment complex in growing and middle-class city in Southern CA. Close to schools, shopping centers and parks. 95% occupied. NOI $102K/yr. $1.55M. 6.60% cap.
4. Strip Center in Riverside, CA: 10,148 SF fully remodeled strip center on nearly 1 ac lot along major corridor. 100% leased to Metro PCS, Food Market (Carniceria), Hair Salon, Vitamin Store and Nail Shop. NOI $94K/yr. $1.55M. 6.12% cap.
5. Strip Center in Fredericksburg, VA: 4000 SF attractive strip center built in 2005 on .81 ac lot in growing (34.08% growth) and high income (AHI $92K/yr) area. Close to Walmart, Lowe’s, Mammaponax Factory Outlet Center, and I-95. 100% NNN leased. 7% cap. Price/NOI not disclosed.
6. Taco Bell in Jacksonville, FL: 2808 SF built-to-suit Taco Bell completed in 2008 on .38 ac lot close to I-95. 15 yrs absolute NNN lease with 8 yrs left. NOI $175K/yr with 1.50% annual rent increases. $2.182M. 8.06% cap.
7. Retail Center in Colorado Springs, CO: 12,130 SF well maintained retail center on 1.99 ac lot at major retail thoroughfare. In a growing (35.55% growth since 2000) and upper middle-class neighborhood. 85% leased. Actual NOI $124K/yr. $1.35M. 8% actual cap. Upside potential.
8. IHOP in Gurnee, IL: 5284 SF IHOP restaurant on 1.85 ac lot in affluent Chicago suburbs with an AHI of $104K/yr in 1 mile. At main entrance into Six Flags Theme Park and visible from I-94.  100% NNN corp lease with 3 yrs left. NOI $165K/yr. 1.65M. 10% cap.

© Transmercial 2013